Cryptocurrency Analysis and News Portal
The South Korean city of Cheongju, the capital of North Chungcheong province, has said it intends to begin confiscating cryptocurrency from local tax delinquents.The administration of Cheongju has requested seven South Korean crypto exchanges to inquire into holdings of thousands of tax evaders, the local news agency Yonhap reported on
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“We often see fundraising campaigns conducted with the use of cryptocurrency, as Russia believes in the possibility of circumventing sanctions by using virtual assets," Yurii Vykhodets, police colonel of the Cyber Police Department of the National Police of Ukraine, said. "The training is timely and provides a strong impetus for
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“The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats," IRS Commissioner Charles P. Rettig said in a U.S. Department of Justice (DOJ) press release. "The court’s granting of the John Doe summons reinforces our
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The court order, approved by a judge in the Central District of California, authorizes the IRS to serve the summons against SFOX, asking for information about any "U.S. taxpayers who conducted at least the equivalent of $20,000 in transactions in cryptocurrency between 2016 and 2021 with or through SFOX." SFOX
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South Korean legislators propose to revise tax codes so that tax authorities would be able to confiscate tax evaders’ crypto assets directly from their digital wallets.As per a report published on July 26, the proposal forms part of a wider, annual review of the country’s tax system. This year, faced
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Denmark is set to enforce robust bitcoin tax compliance at its tax agency has received information about 20,000 crypto owners in the country. The Scandinavian nation is the latest country to move towards combating crypto tax evasion. Danish Tax Agency Authorized to Gather Bitcoin Tax Info At the start of 2019, BTCManager
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In the letters, crypto users are asked to provide information such as profits and losses for the 2016-2018 income period, including for crypto-to-crypto trades. Respondents must further provide the rates at the time of the trades and the purpose of the transactions. Other required information includes proof of wallets created,
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